Kalepa raises $75 million Series B at $470 million valuation

The company describes its offering as “Professional Grade AI” that automates and coordinates the entire underwriting workflow—from submission ingestion and document classification to risk analysis, pricing, quoting and binding. It uses an Ensemble Engine that blends probabilistic models with deterministic logic and layered controls, allowing insurers to keep human judgment where needed. Reported client outcomes include over 58 % higher premium per underwriter, quotes delivered 30‑60 % faster, a doubled quote‑to‑bind rate, and a 960‑basis‑point improvement in combined ratio. Kalepa also added senior hires such as CTO Garrett Schlesinger and CRO David Meister to expand its product suite and market reach.